Nestor Kirchner has just passed

[dr__dawggy]

Your comments have no validity . Did you bother to read the comments? Very telling that there were Clarin readers

Well, there ya go. Perry says my comments have no validity. I am humbled by your keen insights that totally discredited each of the points I raised.

 

[dr__dawggy]

It's a shame to see this thread deteriorate into a pro-Kirchner/anti-Kirchner debate. NK is dead. Whether or not he was corrupt is pretty irrelevant at this point. A pity "both sides" can't seem to come together and look towards the future, rather than the past in order to make Argentina a better place for Argentines and expats alike. Because I can assure you, Argentina is far from perfect.

If the past is prologue, there is a bit of trauma ahead...

"Todo proceso de sucesión en el peronismo ha sido tradicionalmente traumático y toda crisis en ese movimiento político acostumbra trasladarse al conjunto de la Nación."

per Google....

Any process of succession in Peronism has traditionally been traumatic and every crisis in the political movement usually shakes the whole nation. "

http://www.lanacion.com.ar/nota.asp?nota_id=1319061

 

[earlyretirement]

Death is always sad but I can tell you that Kirschner will not be missed by many. Just look at the bond markets. The international community is celebrating his death and basically saying that his death is better for the future of Argentina. You can agree or disagree with that but many look at his death as a positive.

 

[dr__dawggy]

Death is always sad but I can tell you that Kirschner will not be missed by many. Just look at the bond markets. The international community is celebrating his death and basically saying that his death is better for the future of Argentina. You can agree or disagree with that but many look at his death as a positive.

Argentina could soon be cheaper for tourists. All speculative real estate should have been sold as investors gain confidence in bonds and other investments. I look forward to a buying opportunity to scoop up an apartment.

 

[perry]

Argentina could soon be cheaper for tourists. All speculative real estate should have been sold as investors gain confidence in bonds and other investments. I look forward to a buying opportunity to scoop up an apartment.

How can Argentina become cheaper for tourists if there is more investment in the country? With a new government there will be a flood of investment and Argentina will become much dearer and apartments will become even much dearer than today.

 

[dr__dawggy]

How can Argentina become cheaper for tourists if there is more investment in the country? With a new government there will be a flood of investment and Argentina will become much dearer and apartments will become even much dearer than today.

My take is that much of the investment in real estate is by speculators/investors who will soon find other, more attractive places in which to place their money. The speculative bubble will burst as the market is saturated, much like a saturated short term rental market has already driven down prices for rent....just my thought. We will see how it plays out. I have history on my side==Argentina has had a series of boom/bust cycles every 7 to 10 years in recent history. The bust cycle is due. Again, just my thoughts.

 

[SaraSara]

Here's a more balanced article about Nestor Kirchner, from The Economist
=====================================

Back to a vacuum

Oct 27th 2010, 16:47 by D.R. | NEW YORK

ARGENTINE political parties are so weak that most movements are simply named after their leaders. The hegemonic, ideologically amorphous Justicialist Party (PJ) is universally called peronismo after its long-deceased founder, Juan Perón. Since 2003, only one ismo has mattered in Argentina: the kirchnerismo of Néstor Kirchner, a leftist, populist Peronist. Although Mr Kirchner left the presidency in 2007 to his wife, Cristina Fernández de Kirchner, kirchnerismo came to a close this morning, when Mr Kirchner died of a heart attack at 60.

Mr Kirchner exemplified the country’s caudillo-centric political culture. In the 1990s, he was the governor of Santa Cruz, a desolate Patagonian province of 230,000 people whose economy depends on public works, oil and gas. He ran it like a personal fiefdom, refusing to delegate even tiny tasks and overseeing every centavo of the budget.

He was barely known outside Patagonia in 2002, when Eduardo Duhalde, a Peronist boss who became president after Argentina’s economic collapse the year before, was looking for a successor to back in the next election. Mr Duhalde reluctantly threw his support to Mr Kirchner after all of his top choices rebuffed him, and the strength of his political machine propelled Mr Kirchner into a second round. Mr Kirchner became president by default after his rival withdrew from the run-off.

Once in office, Mr Kirchner promptly set about ruling Argentina as he had Santa Cruz. He reorganised the tax system to make provincial governors more financially dependent on the federal executive. He got Congress to let him reassign public spending at will, and give him veto power over judicial nominations. He nationalised a handful of strategic businesses. And he circumvented presidential term limits by having Ms Fernández succeed him, with the apparent intention of allowing them to alternate in power indefinitely.

As a candidate, Ms Fernández promised a more consensual and conciliatory style. But it soon became clear that the First Gentleman—who also became president of the PJ and of Unasur, a group of South American countries, as well as a congressman—was still calling the shots. Mr Kirchner routinely gave orders to her ministers, occasionally contradicting Ms Fernández’s own directives. He even found time to ring private businessmen and instruct them to lower their prices or sell their stockpiled dollars. He was widely expected to run for a second term as president—the third for kirchnerismo—next year.

The only thing that could stop Mr Kirchner’s will to power was his health. Micromanaging a country of 40m was a draining task, and Mr Kirchner was notoriously late to bed and early to rise. He had suffered from colon problems during his presidency. This year, his ailments grew worse: he had two operations to unblock arteries in February and September. Nonetheless, he maintained his bruising schedule of public appearances and behind-the-scenes management. This morning, in a meeting at his home near the stark southern Andes, he collapsed, and could not be resuscitated.

In most countries, the death of a presidential spouse would be seen as a national tragedy. In Argentina, it is a political upheaval. Ms Fernández is more than a mere puppet—she was an influential senator when Mr Kirchner was still an enigmatic governor, and was his closest adviser during his presidency. But thanks to her husband’s omnipresence, she has never delegated meaningful authority to her cabinet. In particular, she has never shown much interest in economics, and the government forced out its few independent voices on the subject long ago.

The first couple’s detractors are divided on whether the hard-line Mr Kirchner undermined Ms Fernández’s more sensible instincts, or whether she was never truly her own woman at all. If the former is true, then Mr Kirchner’s passing could lead to a moderation of government policies. Ms Fernández has long promised to improve Argentina’s international standing; stopping the manipulation of official inflation statistics, for example, would be a first step towards restoring the country’s credibility. Presumably, a nationwide outpouring of sympathy for Ms Fernández might give her cover to make much-needed decisions her husband might have vetoed.

On the other hand, if Ms Fernández was really just a figurehead, then the best Argentines can hope for is a year of political paralysis. Even some of the Kirchners’ closest allies seem to doubt her ability to govern by herself. “I don’t know what will happen with Cristina,” said Estela Carlotto, the head of Grandmothers of the Plaza de Mayo, a widely respected human-rights group. “She’s all alone now in charge of the country.”

Mr Kirchner’s death also makes an already uncertain 2011 presidential race even more difficult to predict. Kirchnerismo always promised two for the price of one. If Ms Fernández does run for re-election, she will have to reassure voters that she can handle her husband’s old tasks of managing the budget and keeping the peace among Peronism’s warring factions. Moreover, many potential Peronist candidates who might have kept their ambitions in check for fear of Mr Kirchner’s wrath may now be emboldened. In particular, Daniel Scioli, who was Mr Kirchner’s vice president and is now the governor of Buenos Aires province, now seems much more likely to run.

Mr Kirchner’s economic legacy is complicated. Despite implementing a series of ill-advised policies that discouraged investment, Argentina’s GDP has grown rapidly since he took office, thanks to a natural recovery from the 2001 crash, surging global demand for the country’s farm exports and the strong performance of neighbouring Brazil.

The political impact of his rule, however, is more straightforward. Mr Kirchner filled a power vacuum not with institution-building but with his own tireless labour. Now that he can give no more, the vacuum will return.

http://www.economist.com/blogs/ameri...s_ex-president
__________________

 

[perry]

My take is that much of the investment in real estate is by speculators/investors who will soon find other, more attractive places in which to place their money. The speculative bubble will burst as the market is saturated, much like a saturated short term rental market has already driven down prices for rent....just my thought. We will see how it plays out. I have history on my side==Argentina has had a series of boom/bust cycles every 7 to 10 years in recent history. The bust cycle is due. Again, just my thoughts.

Your knowledge of the markets is limited I have to say . Currently there is very little speculative investors in Buenos Aires Real Estate and they only constitute less than 5 % of all sales in the Capital Federal . The demand for real estate is fuelled by wealthy argentines who park their moneys into real assets as a safety hatch from the Banking system . With the continuing boom in soy prices and commodities the demand has increased of late and with the ascent of Brazil this will reach a fever pitch in the coming years.

The only chance that there there will be a bust in the coming years is if the american dollar collapses and then prices will be reconverted into pesos at the prior rates of exchange before devaluation.

There is more chance of the american dollar collapsing in the coming years meaning that you have a very limited scope of time to buy in. Good luck

 

[dr__dawggy]

Your knowledge of the markets is very limited I have to say . Currently there is very little speculative investors in Buenos Aires Real Estate and they only constitute less than 5 % of all sales in the Capital Federal . The demand for real estate is fuelled by wealthy argentines who park their moneys into real assets as a safety hatch from the Banking system . With the continuing boom in soy prices and commodities the demand has increased of late and with the ascent of Brazil this will reach a fever pitch in the coming years.

The only chance that there there will be a bust in the coming years is if the american dollar collapses and then prices will be reconverted into pesos at the prior rates of exchange before devaluation.

There is more chance of the american dollar collapsing in the coming years meaning that you have a very limited scope of time to buy in. Good luck

My life and livelihood do not rest upon the correctness of my analysis. I will be happy to buy or not depending upon the direction of the market. I will stay on the sideline content in the knowledge that the Argentine economy is like a roller coaster full of exhilarating highs followed by rapid declines. I will wait for a decline.

 

[Moxon]

Death is always sad but I can tell you that Kirschner will not be missed by many. Just look at the bond markets. The international community is celebrating his death and basically saying that his death is better for the future of Argentina. You can agree or disagree with that but many look at his death as a positive.

Oh, I see, because the natural concern of the foreign investor is the wellbeing of the people in the country in which he invests, thanks for that.